Maximum Information has raised £2.3 million in a seed round led by Insurtech Gateway, with participation from Liberty Mutual Strategy Ventures, Convex and Portfolio Ventures.
Founded in 2020, Maximum Information is dedicated to improving global resilience to natural disasters through advanced disaster modeling analysis. Its platform provides re/insurers, financial institutions and other risk-facing sectors with transparent, vendor-neutral tools for understanding, quantifying and managing catastrophe and climate-related risks.
By 2024, less than 40% of the $417 billion in economic losses caused by natural disasters will be insured. Despite decades of progress in disaster modeling, the global protection gap remains as high as $263 billion, putting governments, businesses and communities at risk.
Risk takers face rapidly changing risk models, growing risk complexity, and a diverse landscape of modeling providers. While these developments create new opportunities, many risk managers still lack the orchestration tools needed to compare, align, stress test, or unify outputs across providers. Without a vendor-agnostic transformation layer, adoption slows, uncertainty increases, and model users struggle to build resiliency.
Maximum Information is developing the first vendor-neutral middleware for disaster risk analysis, enabling risk takers, brokers and financial institutions to make mission-critical decisions with greater confidence. The company works with clients to deliver a generational opportunity to build resilience by supporting user-led disaster risk transfer decisions.
Its flagship platform, MagniPhi, is seamlessly integrated into the Cat modeling workflow, giving stakeholders a quick and clear view of what’s going on inside a model, enabling faster, sharper and more reliable analyses.
“As the modeling landscape expands, the industry needs reliable infrastructure, not more noise,” said Tom Philp, CEO of Maximum Information. “Our goal is to provide the analytical foundation that enables organizations to make disaster risk decisions with consistency and confidence.”
“Maximum Information addresses a core issue in the emerging catastrophe modeling trend. (Re)Insurers and brokers are under increasing pressure to better understand risk, while vendors are constantly updating/building new models for hazardous areas around the world. Insurtech Gateway is excited to partner with Tom and his well-equipped team to build a vendor-agnostic B2B SaaS tool platform that helps risk takers understand, quantify and manage risks,” said Dom Nolan, investment manager at Insurtech Gateway. “Disaster and climate-related risks.” “
